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Asian markets gain after Japan central bank boosts aid
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BEIJING – Asian stock markets gained Monday after Japan's central bank promised more asset purchases to shore up financial markets as investors look to central bankers to support the struggling global economy.
Tokyo's benchmark surged 2.4% and Shanghai, Hong Kong and Sydney also gained. Investors also are looking ahead to meetings of U.S.
and European central banks this week for signs of more measures to reverse the deepest global slump since the 1930s. The meetings this week come as mounting evidence shows the coronavirus pandemic’s economic damage is even worse than expected.
The Bank of Japan said it will buy an additional 15 trillion yen ($140 billion) of commercial paper and bank loans. It also lifted its ceiling on purchases of
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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